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Core inflation is only very low if you accept the figures the US govt. puts out there.
Most of us have a need to eat and consume fuel, and don't get to make the kind of hedonic adjustments the govt. is so fond of making to artificially depress the figures.
Another one for Ralphie: Where can you safely invest money nowadays and earn any kind of interest rate return? Ponder that. The reason there's no answer for that question is the zero interest rate policy. It takes folks who need a rate of return on their savings to live on and either forces them to accept nothing, or forces them onto the risk curve in search of returns, in a place they shouldn't be investment-wise.
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